Question and answer
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the
loan? Answer: $140,000.00 x .03 x 5 years
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000. 140,000*.03*5=21,000
Get an answer
Original conversation
User: If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan? Answer: $140,000.00 x .03 x 5 years

Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000.
Expert answered|reign_23|Points 0|

Question
Asked 1/1/2013 10:20:43 AM
Updated 1/1/2013 11:58:49 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry
New answers
Rating
3
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000.
140,000*.03*5=21,000
Added 1/1/2013 11:58:49 AM
This answer has been added to the Weegy Knowledgebase
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is 9 /2/3 - 6 1/2 in a mixed numeral?
Weegy: 9 2/3 - 6 1/2 = 58/6 - 39/6 = 19/6 = 3 1/6 (More)
Question
Expert Answered
Asked 12/31/2012 12:45:36 PM
0 Answers/Comments
The value of a property declines every year by 6%. Presently, its value is $50,000. What will be its value 2 years from now
Weegy: The value after 2 years would be 524.29. (More)
Question
Expert Answered
Updated 1/1/2013 10:23:12 AM
1 Answer/Comment
The value of a property declines every year by 6%. Presently, its value is $50,000. 2 years from now, it's value will be $44,180.
Added 1/1/2013 10:23:12 AM
This answer has been added to the Weegy Knowledgebase
A company produces 230 cars. It wants to increase production 5%. How many cars will it produce?
Weegy: 230 * 1.05 = 241.5. If production increased by 5%, the company would produce 242 cars (rounded). (More)
Question
Expert Answered
Asked 12/31/2012 1:59:14 PM
0 Answers/Comments
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan?
Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000. (More)
Question
Expert Answered
Asked 1/1/2013 10:22:47 AM
0 Answers/Comments
20,452,935 questions answered
Popular Conversations
Solve 2x^2 + x - 6 = 0 User: Solve |4x - 8| User: Solve the ...
Weegy: 2x + 1 User: Solve |x| > 5 User: Solve 7x - 4 = 5x + 15 for x.
4/17/2015 9:42:20 AM| 3 Answers
Which of the following statements uses the commutative property of ...
Weegy: C.2 + (3 + 4) = 2 + (4 + 3) User: Simplify (12ab)(3t). Weegy: Answer is 36abt User: Simplify (4x) · mn · 15 ...
4/17/2015 10:33:35 AM| 3 Answers
5x 2 y and 7x y 2 are like terms. True False
Weegy: 7x + 5x = 12x User: Simplify -10x - 2x + 3x. -9x 9x 11x Weegy: -10x - 2x + 3x = -9x User: Simplify 5(x ...
4/17/2015 10:43:33 AM| 3 Answers
Which two superpowers engaged in an arms race during the cold war as ...
Weegy: Which two superpowers engaged in an arms race during the cold war as they competed with each other to acquire ...
4/17/2015 3:21:30 PM| 2 Answers
What is an inflammation of the connective tissue that attaches the ...
Weegy: Tendon is an inflammation of the connective tissue that attaches the muscles to the bones.
4/17/2015 12:12:16 AM| 1 Answers
Weegy Stuff
S
L
Points 712 [Total 2289]| Ratings 1| Comments 702| Invitations 0|Offline
S
L
Points 605 [Total 1172]| Ratings 2| Comments 585| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
Points 217 [Total 8094]| Ratings 2| Comments 197| Invitations 0|Offline
S
Points 164 [Total 164]| Ratings 0| Comments 164| Invitations 0|Offline
S
L
1
R
Points 101 [Total 1173]| Ratings 1| Comments 91| Invitations 0|Offline
S
L
Points 101 [Total 3704]| Ratings 0| Comments 101| Invitations 0|Offline
S
1
L
L
Points 72 [Total 8066]| Ratings 0| Comments 72| Invitations 0|Online
S
1
L
1
Points 43 [Total 3484]| Ratings 1| Comments 33| Invitations 0|Online
S
Points 31 [Total 31]| Ratings 1| Comments 21| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 22| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.